Dave Ramsey on Gold

Should gold be invested in? Are the radio and TV ads just a bunch of hype? Listen with an open mind before you panic and buy a bunch of gold that you will regret.

Category:

News & Politics

Tags:

• dave
• ramsey
• gold
• inflation
• falling
• dollar
• invest
• hedge
• china
• debt
• rate
• of
• return
• money
• goldline

[JiveDadson]

Hahaha. Gold is up 50% since this show was aired.

[truthforamerica]

@JiveDadson Right, and it can bottom out just as fast.

[hummarstra]

He was DEAD WRONG. And he should bow and kiss Peter Schiff's feet.

[PrudenceWright]

What an idiot.

[bizwiz21]

Fiat currency is the 'illusion'.

[6298mike]

the blind leading the blind

[6298mike]

get silver

[6298mike]

he's nuts

[huntersdman6]

@KDanagger I understand if just the economy collapsed but I was talking about a disaster situation, complete collapse of all government function but you do make a valid point. Im going to start buying troy ounces of gold and maybe some platinum just in case.

[KDanagger]

@huntersdman6

You might try trading those coins with someone who has something you need. We did that here in America for almost 200 years,

If the economy collapses and the central bankers flood the market with paper in an attempt to solve a "liquidity problem" - your US dollars will become virtually worthless in any form - plastic or paper.

Ask those who have lived through hyperinflation what they immediately reverted to for trade to buy food. (hint: it wasn't paper).

[KDanagger]

Paper is poverty….it is only the ghost of money,and not money itself. - Thomas Jefferson

Paper is simply an IOU - a promise - a promise that is only as good as the integrity and honesty of those who issue and control it.

The value of our fiat paper money is controlled by banksters and politicians. Fiat currencies survive only 27 years on average.

The value of gold is determined by the market - a FREE market. It has been a reliable store of value for over 6000 years.

Ramsey is an ignoramus.

[huntersdman6]

@davidmdonaldson I think he's wrong but he does have a point with the collapsed economy example. If America's economy or even the government suddenly collapses Im not going to accept gold coins for something Im selling. What would I do with them?

[MrConservative608]

If you own gold, SELL IT! SELL IT NOW WHILE IT IS HIGH! Gold is a bubble that will burst when Obama leaves office and the economy improves and produces more wealth, which I contend will add value to the dollar. Now you can vote for & re-elect Obama to keep the price of gold high, but are you such a doucebag to do that?

[MrConservative608]

Dave Ramsey is being so nice on this subject. Here is why. Ever since we have had a currency, we have steadily inflated it at certain times, yet we are now worried about inflation in the past few years. I concede, yes, inflation devalues a currency and Obama has inflated our currency quite a bit in the past few years doing a lot of damage to the dollar. However, I contend there is a flip-side to this people are not looking at. My contention that wealth creation adds value to a currency.